SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sets New 12-Month High – Should You Buy?

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) hit a new 52-week high on Thursday . The company traded as high as $70.46 and last traded at $70.44, with a volume of 8765 shares traded. The stock had previously closed at $70.10.

SPDR S&P Global Infrastructure ETF Stock Down 0.5%

The firm has a market cap of $621.76 million, a P/E ratio of 20.11 and a beta of 0.81. The firm’s fifty day moving average is $69.05 and its two-hundred day moving average is $66.44.

Institutional Investors Weigh In On SPDR S&P Global Infrastructure ETF

A number of large investors have recently modified their holdings of the stock. Advisors Preferred LLC bought a new stake in SPDR S&P Global Infrastructure ETF during the 2nd quarter valued at approximately $46,000. Copia Wealth Management bought a new stake in shares of SPDR S&P Global Infrastructure ETF during the second quarter valued at approximately $49,000. Wayfinding Financial LLC bought a new stake in shares of SPDR S&P Global Infrastructure ETF during the first quarter valued at approximately $126,000. Jones Financial Companies Lllp boosted its position in shares of SPDR S&P Global Infrastructure ETF by 174.1% during the first quarter. Jones Financial Companies Lllp now owns 11,706 shares of the company’s stock valued at $726,000 after purchasing an additional 7,435 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of SPDR S&P Global Infrastructure ETF during the second quarter valued at approximately $1,089,000.

About SPDR S&P Global Infrastructure ETF

SPDR S&P Global Infrastructure ETF (the Fund), formerly SPDR FTSE/Macquarie Global Infrastructure 100 ETF, seeks to replicate as closely as possible the total return performance of the Macquarie Global Infrastructure 100 Index (the Index). The Index, calculated by FTSE, is designed to reflect the stock performance of companies within the infrastructure industry, principally those engaged in management, ownership and operation of infrastructure and utility assets.